Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Property
Asset Plus cans $100m rights issue
Asset Plus has withdrawn its $100 million capital raising "in light of the current volatility of capital markets" caused by the coronavirus pandemic.The rights issue was announced just eight days ago.The property investor said its board decided the move was in the best interests...
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First Mortgage Trust
First Mortgage Trust is an investment manager that specialises in property lending. For nearly 30 years we’ve been helping New Zealanders protect and grow their wealth.
Coronavirus
Major banks will retain support of Aussie parents - S&P
International ratings agency Standard & Poor's says the big four New Zealand banks are in a strong position to weather the coronavirus crisis although credit losses are likely to rise from currently very low levels.The four banks are still on "an extremely strong footing and we d...
Economy
Protect your key people, assess cash flow: PwC advice
Accounting firm PwC New Zealand is advising clients they should be adopting policies to ensure their key people aren't taken out of action by the coronavirus crisis.Insolvency partner John Fisk told BusinessDesk his firm is "absolutely" getting more inquiries from clients than us...
Economy
Orr's blunt message to banks more important than rate cut
Reserve Bank governor Adrian Orr believes getting the country's largest banks to use the "enormous headroom" in their balance sheets is more important to help New Zealand businesses and households through the coronavirus disruptions than today's historic interest rate cut."I thin...
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